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Jersey Mini-Budget Includes Increased Individual Income Tax Allowances, Temporary Social Security Contribution Reductions, and other Measures

|Proposed Changes|Jersey
Jersey

The Jersey government has announced a "mini-budget" package of tax measures including increased individual income tax allowances, temporary reductions in social security contributions, and other measures. The package will be debated by the States Assembly in September. Some of the main measures include:

  • an above-inflation increase of 12% in income tax thresholds and allowances, including child allowances, additional allowance, and child care tax relief, from 1 January 2023;
  • an increase in t…

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